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August 25, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

401(k) Plan Administrator
for CBIZ Tofias in MA

Benefits Analyst - Retirement Plan Administrator
for Perkins Coie LLP in WA

Retirement Plan Administrator
for PlanTech, LLP in AL

Client Development Officer - Business Retirement Services
for COUNTRY Financial in IL

Sr Instructional Designer
for Prudential in AZ, ME, NJ, PA

Defined Benefit Senior Specialist
for Nationwide Financial in OH

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Webcasts and Conferences

401(k) Rekon Advisor Symposium- Tysons Corner
in Virginia on September 22, 2011 presented by 401(k) Rekon

EA-2A Examination Review Course
in Virginia on September 30, 2011 presented by American Society of Pension Professionals & Actuaries (ASPPA)

Four-Page Summary Guidance: Getting Ready for 2012 Implementation
Nationwide on October 5, 2011 presented by EBIA / Thomson Reuters

Participant Loans Phone Forum
Nationwide on September 12, 2011 presented by Internal Revenue Service (IRS)

Top 10 Mistakes Companies Make with Employee Benefits Webcast
Nationwide on September 20, 2011 presented by Constangy, Brooks & Smith, LLP


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[Guidance Overview]
New York Employer Reporting Requirements Regarding Dependent Health Coverage Availability
"Effective July 15, 2011, New York employers are required to submit reports regarding the availability of dependent health insurance coverage." (Patterson Belknap Webb & Tyler LLP)


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[Guidance Overview]
Eleventh Circuit Says Individual Mandate Is Unconstitutional; Other Provisions Remain
"This split in the Circuits now paves the way for the issue to reach the U.S. Supreme Court. Despite the uncertainty of the outcome and impact, employers and their advisors continue to prepare for open enrollment this fall in compliance with health care reform . . . ." (Thomson Reuters/EBIA)

[Guidance Overview]
Early Retiree Reimbursement Claim Thresholds Updated for Inflation
"Based on inflation adjustments, the thresholds will increase to $16,000 and $93,000 for plan years beginning on or after Oct. 1, 2011, (the 2012 plan year for calendar year plans). Any claim lists submitted for a plan year beginning on or after Oct. 1, 2011, must use these updated figures." (Mercer LLC)

The Unaffordability of Healthcare Reform
"According to [Kathryn Bakich of The Segal Company], rising costs also will threaten employer plans due to the looming cuts to Medicare and Medicaid, which cause lower provider revenues that will 'trickle down' to employers." (Human Resource Executive Online)

Trends in Americans' Access to Medical Care, 2007–2010
"Despite increases in the number of uninsured, slightly more than one in six Americans—52 mil.lion people—reported not getting or delaying needed medical care in 2010, down from one in five—58.6 mil.lion people—in 2007." (Center for Studying Health System Change)


Register for our Exclusive Webcast   [Advert.]

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Michele Levine, Director of Global Benefits, Avon Products, will provide information about how Avon leveraged the Extend Health Medicare exchange to deliver health care insurance choice, savings and satisfaction to its Medicare-eligible retirees. Register now.


Survey Shows Health Care Organizations Expect Health Care Reform Measures to Boost Costs, Access and Care Quality
"The majority of survey respondents (75%) believe health care costs will rise as a result of the ACA, with 43% expecting a significant increase." (Wolters Kluwer Law & Business / CCH)

Measuring the Affordability of Employer Health Coverage
"Job-based coverage is considered unaffordable if the amount of the out-of-pocket premium for the employer coverage exceeds 9.5% of that person's income. While it's clear how this applies to a single worker without any dependents, determining a family's eligibility for premium tax credits is far less clear in the law." (Henry J. Kaiser Family Foundation)

HHS's 2012 Part D Premium Amounts
"Using bids received from Medicare prescription drug plans, HHS estimates the national average premium for a Part D plan will be about $30 per month in 2012—the same as in 2011. HHS has set the 2012 'base beneficiary' Part D premium at $31.08 per month. This figure is used as a starting point for Part D plans when they determine their actual premium rates. Actual 2012 Part D premiums should be available in September." (Mercer LLC)

Time Off to Grieve: The Parental Bereavement Act
"If passed, an eligible employee would be entitled to a total of 12 workweeks of unpaid leave during any 12-month period due to the death of a child." (Krukowski & Costello, S.C.)

Benefits in General; Executive Compensation

[Guidance Overview]
What Wal-Mart v. Dukes Means for Employers (PDF)
"Many implications from this case seem to apply more to employment attorneys than employers. The most important takeaway for employers may be that discretion in decision-making at the local level can help prevent large class actions like Dukes." (Gonzalez Saggio & Harlan LLP)

The Basics of Garden Leave: Continuing the Employment Relationship for a Transition Period (PDF)
"What is 'garden leave'? A 'garden leave' provision generally takes the form of a 'notice' period—designated in weeks or months—during which a terminating employee is paid to remain at home and out of work (tending to the garden), but to be 'on call' to his or her former employer for as-needed transitional services." (The Bureau of National Affairs, Inc. via Paul Hastings)

National Compensation Survey: Health and Retirement Plan Provisions in Private Industry in the United States, 2010 (PDF)
"The National Compensation Survey (NCS) provides comprehensive measures of compensation cost trends, the incidence of benefits, and detailed benefit provisions. This bulletin presents estimates of the detailed provisions of employer-provided health and retirement plans in private industry in 2010." (U.S. Bureau of Labor Statistics)

Press Releases



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